Read and take notes on aspects related
to
Theme 1: Collecting Data and the Role of Chance and Probability
Theme 2: Predictors
within:
Heart of Mathematics
p. 594 (How to Get Rich Quick as a Stock Whiz),
Heart of Mathematics
p. 674-677 (Measures of Center and Five-Number Summaries), and
How Do You Know?ASULearn reading
(History of Statistics, Census, Sampling and Random Sampling).

Discuss the pros and cons of choosing among the
mean, median and mode (the most frequently occurring number in the data)
as the measure of center for the following situations:
a) A local pediatrician wants to be able to tell new parents the typical waiting time for patients in her waiting room.
b) A hair-color manufacturer wants to add new colors to its line, and has collected data on preferred hair-color, the choices being 1 = blondes, 2 = reds, 3 = brunettes, 4 = blue- blacks.
c) A Realtor wants to advertise how inexpensive it is to live in a particular suburb.

Complete Heart of Mathematics p. 689 #22 and p. 690 #25

Bring your Stock Graph
to class and finish the lab if you didn't already.